Protecting the businesses of Texas
General liability, also known as “commercial liability insurance” is a broad commercial insurance policy that covers general liability exposures of a business. First Community Financial Group recommends that all businesses have general liability coverage in place.
Texas – What you need to know about commercial liability insurance
Take a look at the list below for additional general liability coverages that are often available.
- Professional Liability Insurance (Errors & Omissions) Errors & Omissions (E&O) covers professionals for negligence and errors or omissions that injure their clients or cause damage to a third party’s data. This type of insurance is particularly important to licensed professionals such as accountants, attorneys, insurance agents, architects, engineers and technology companies. First Community Financial Group recommends that all professional and technology companies have E&O coverage.
- Employment Practices Liability Insurance (EPLI) Employment Practices Liability Insurance for employers covers employment-related liabilities other than on-the-job injuries. This can include legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights. If you have employees, First Community Financial Group recommends considering this type of coverage.
- Directors and Officers Insurance (D&O) D&O covers directors and officers of a company for negligent acts or omissions and for misleading statements that result in lawsuits against the company. There is a variety of Directors and Officers coverage available such as corporate reimbursement coverage, personal liability, and entity coverage. D&O policies may be broadened to include coverage for employment practices liability as well.
Insurance is complicated, and trying to secure the right coverage for your business without help will prove challenging. Luckily, you don’t have to approach it alone. Contact your Trusted Choice® Independent Insurance Agent at First Community Financial Group today.
At First Community Financial Group, we can work with you to make sure you’ve got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. Just give us a call at (936) 327-4364 or send us a note at firstname.lastname@example.org. We want to help you meet your goals, and make sure what’s important to you is protected!